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{"id":673446,"date":"2025-01-10T05:18:28","date_gmt":"2025-01-10T05:18:28","guid":{"rendered":"https:\/\/wncen.com\/?p=673446"},"modified":"2025-01-10T04:36:42","modified_gmt":"2025-01-10T04:36:42","slug":"dogecoin-doge-dips-0-3150","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/doge\/dogecoin-doge-dips-0-3150\/","title":{"rendered":"Dogecoin (DOGE) Dips: A Warning Sign or A Hidden Opportunity?"},"content":{"rendered":"

Dogecoin started a fresh decline below the $0.350 zone against the US Dollar. DOGE is now consolidating and might recover if it clears the $0.3350 resistance.<\/em><\/p>\n

\n
DOGE price started a fresh decline below $0.3550 and $0.350.<\/li>\n
The price is trading below the $0.350 level and the 100-hourly simple moving average.<\/li>\n
There is a connecting bearish trend line forming with resistance at $0.3350 on the hourly chart of the DOGE\/USD pair (data source from Kraken).<\/li>\n
The price could gain momentum if it clears the $0.3350 and $0.3420 resistance levels.<\/li>\n<\/ul>\n
Dogecoin Price Turns Red<\/h2>\n
Dogecoin price started a fresh decline after it failed to surpass $0.40, like Bitcoin<\/a> and Ethereum<\/a>. DOGE declined below the $0.3650 and $0.350 support levels to enter a short-term bearish zone.<\/p>\n
There was a move below the $0.3250 support. A low was formed at $0.3143 and the price is now attempting a recovery wave. There was a move above the $0.3250 resistance but the price is still below the 23.6% Fib retracement level of the downward move from the $0.3981 swing high to the $0.3143 low.<\/p>\n
Dogecoin price is now trading below the $0.340 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3350 level. There is also a connecting bearish trend line forming with resistance at $0.3350 on the hourly chart of the DOGE\/USD pair.<\/p>\n
The first major resistance for the bulls could be near the $0.340 level. The next major resistance is near the $0.350 level or the 50% Fib retracement level of the downward move from the $0.3981 swing high to the $0.3143 low.<\/p>\n
$\"Dogecoin$ <\/a>
Source: DOGEUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
A close above the $0.350 resistance might send the price toward the $0.3620 resistance. Any more gains might send the price toward the $0.380 level. The next major stop for the bulls might be $0.40.<\/p>\n
Another Decline In DOGE?<\/h2>\n
If DOGE\u2019s price fails to climb above the $0.3350 level, it could start another decline. Initial support on the downside is near the $0.320 level. The next major support is near the $0.3150 level.<\/p>\n
The main support sits at $0.30. If there is a downside break below the $0.30 support, the price could decline further. In the stated case, the price might decline toward the $0.2850 level or even $0.2720 in the near term.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $0.320 and $0.3150.<\/p>\n
Major Resistance Levels \u2013 $0.3350 and $0.3400.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin started a fresh decline below the $0.350 zone against the US Dollar. DOGE is now consolidating and might recover if it clears the $0.3350 resistance. DOGE price started a fresh decline below $0.3550 and $0.350. The price is trading below the $0.350 level and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.3350 on the hourly chart of the DOGE\/USD pair (data source from Kraken). The price could gain momentum if it clears the $0.3350 and $0.3420 resistance levels. Dogecoin Price Turns Red Dogecoin price started a fresh decline after it failed to surpass $0.40, like Bitcoin and Ethereum. DOGE declined below the $0.3650 and $0.350 support levels to enter a short-term bearish zone. There was a move below the $0.3250 support. A low was formed at $0.3143 and the price is now attempting a recovery wave. There was a move above the $0.3250 resistance but the price is still below the 23.6% Fib retracement level of the downward move from the $0.3981 swing high to the $0.3143 low. Dogecoin price is now trading below the $0.340 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3350 level. There is also a connecting bearish trend line forming with resistance at $0.3350 on the hourly chart of the DOGE\/USD pair. The first major resistance for the bulls could be near the $0.340 level. The next major resistance is near the $0.350 level or the 50% Fib retracement level of the downward move from the $0.3981 swing high to the $0.3143 low. A close above the $0.350 resistance might send the price toward the $0.3620 resistance. Any more gains might send the price toward the $0.380 level. The next major stop for the bulls might be $0.40. Another Decline In DOGE? If DOGE\u2019s price fails to climb above the $0.3350 level, it could start another decline. Initial support on the downside is near the $0.320 level. The next major support is near the $0.3150 level. The main support sits at $0.30. If there is a downside break below the $0.30 support, the price could decline further. In the stated case, the price might decline toward the $0.2850 level or even $0.2720 in the near term. Technical Indicators Hourly MACD \u2013 The MACD for DOGE\/USD is now gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for DOGE\/USD is now below the 50 level. Major Support Levels \u2013 $0.320 and $0.3150. Major Resistance Levels \u2013 $0.3350 and $0.3400.<\/p>\n","protected":false},"author":67,"featured_media":673448,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89099],"tags":[1788,7,79599,79600,84471],"class_list":["post-673446","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doge","tag-dogebtc","tag-dogecoin","tag-dogeusd","tag-dogeusdt","tag-meme-coin"],"acf":[],"yoast_head":"\nDogecoin (DOGE) Dips: A Warning Sign or A Hidden Opportunity?<\/title>\n<meta name=\"description\" content=\"Dogecoin started a fresh decline below the $0.350 zone against the US Dollar. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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